Mackinac Partners

CRO, Restructuring and M&A Advisory

Mackinac Partners provides highly skilled and responsive assistance to companies dealing with operational and financial crises, capital structure and leverage issues, underperforming business units, or liquidity and working capital deficiencies. We work side-by-side with company stakeholders to help stem financial and operational crises, to improve liquidity and working capital, and to develop and implement a comprehensive restructuring plan to address the core issues adversely impacting business performance and return the company to a path of increased stability and profitability.

In many situations, we are called upon by private equity sponsors and other clients to serve as Chief Restructuring Officer for companies who need experienced restructuring leadership to ensure that existing management is focused on current operations and minimize business disruption during times of crisis or implementation of a restructuring.

While each company’s financial and operational situation is unique, and each capital structure varies, we employ a proven and flexible methodology which helps fast-track restructurings for companies, equity sponsors and other stakeholders across many different industries.

 

Our Flexible Restructuring Methodology:

Liquidity, Working Capital and Crisis Management
  • Understand company objectives, liquidity challenges and business imperatives
  • Stabilize operations, sourcing and customer relationships
  • Manage cash flow and secure continued near-term funding
  • Evaluate strategic options and capital structure needs
Business Restructuring Plan Development
  • Assess capital structure and lender/creditor positions
  • Model restructuring scenarios
  • Determine bankruptcy or capital restructuring approach
  • Assess operational impacts and identify potential dispositions
Lender Negotiations and Establishment of new Capital Structure
  • Finalize new capital structure, covenants and leverage
  • Assist and/or lead negotiation efforts to refinance existing or establish new credit lines and debt facilities
  • Provide implementation assistance with financial and operational support services
Implementation of Restructuring
  • Oversee closing of out-of-court financial restructuring
  • Manage bankruptcy process, if required
  • Assist with management transition
  • Provide post-closing support and performance enhancement services